NHC Foods Ltd. (NHCFOODS) - Chairman Speech

Company chairman speech

Message from Chairman

We believe that there is no top....

There are always further heights to reach..........

Dear fellow Shareholders,

Let me start with joy. 2012-13 has been the best year of your Company - much betterthan even the previous year, which was till the best in the history of NHC Foods. Here aresome facts in comparison with previous financial year 2011-12:

 In a record year, net sales and other operating income increased from Rs.9326.27 to Rs. 13785.64.

 Exports were at an all - time - high and increased from Rs. 7718.15 to 10670.25.

 Profit after tax and exceptional items increased from Rs.46.32 to Rs. 161.07.

Your Company's model of a balanced portfolio with strong value added businesses andoperational excellence have been the key drivers of this commendable performance. As wecontinue to meet customers across the world, we remain convinced of the huge potential ofyour Company in the global market. The key will be our ability to remain relevant to ourcustomers, understand their business needs and perform with rigor to meet those needs. Weare also concentrating on marketing new products like Basmati & Non Basmati Rice whichis in huge demand world-wide as it is the staple diet of majority of the World'spopulation. We are also concentrating on marketing Medicinal Herbs and Ayurvedic Productswhich had good market potential in South Asian and Far East Countries. At present we havelaunched our own Brand "SAAZ" of Blended Spices in the Indian Market and we areputting in all our efforts to launch our Brand of Blended Spices in the InternationalMarket also.

Your Company was recognized by industry, customers and the media for excellence in manydimensions including overall financial performance, human resources, sustainability andindividual leadership.

Further, I am happy to inform you that, your Company won prestigious award from theSpices Board (Ministry of Commerce & Industry, Government of India) in recognition ofoutstanding performance in the Export of Spices and Spices Products for the year 2011-12.

I am grateful to the All Directors, Staff Members, Distributors and all theStakeholders for their support and guidance, for which we are able to achieve thesecommendable performance.